Issuance of CSR and Prooflist for Vehicles

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LTO MEMORANDUM CIRCULAR NO. 643-2005: Issuance of CSR and Prooflist for Vehicles

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Title Source: Supreme Court: Issuance of CSR and Prooflist for Vehicles

Law: Lto Memorandum Circular No. 643-2005

Decision Date: Aug 2, 2005

The LTO mandates the issuance of a Certificate of Stock Reported (CSR) for each motor vehicle unit, ensuring uniformity in stock reporting among manufacturers, assemblers, and dealers, which is now a requirement for vehicle registration.

Law Summary

Issuance and Purpose of Prooflists for Accredited Dealers

Accredited dealers are entitled to receive prooflists to document local purchases.
Prooflists facilitate the transfer of stocks from manufacturers, assemblers, or importers to accredited dealers.
This mechanism ensures traceability of vehicle stocks throughout the supply chain.

Requirement of CSR or Prooflist in Motor Vehicle Registration

The CSR or the prooflist, depending on the case, constitutes a mandatory documentary requirement for the registration of a motor vehicle.
This mandates uniformity in the stock reporting system and serves as proof of legitimate acquisition and transfer of motor vehicles.

Regulatory Authority and Implementation

Issuance guidelines are provided by the Land Transportation Office (LTO) through a memorandum circular.
The directive is intended to establish consistent and compliant procedures among all stakeholders involved in motor vehicle stock reporting.

Legal Effect and Use

The document aims to standardize stock reporting for all accredited manufacturers, assemblers, importers, and dealers.
It supports legal and administrative processes that ensure transparency and lawful ownership documentation in motor vehicle registration.

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